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Richard's Remarks

 

My subscribers knew last Monday that Obama would be our next president. Or at least the stock market knew. The answer was revealed to me by the action of the stock market. The market wanted more QE and it equated "more QE" with more Obama and more Bernanke. As soon as the stock market (in its amazing prescience) was convinced that Obama would win, it headed north. This happened over the weekend, as late Sunday when the futures markets opened, the Dow futures reversed from minus 175 to plus 12. That was when I knew that Obama would win, and I told my subscribers exactly that in no uncertain terms.

 

This morning I read all about the outcome of this fierce election. But please, don't forget, all this is taking place within the confines of a primary bear market. And as long as one or both Averages -- Industrials or Transports -- ... Log in or subscribe to continue reading.


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